USA Financial Formulas Reduces Stake in Rollins, Inc. $ROL

USA Financial Formulas decreased its holdings in shares of Rollins, Inc. (NYSE:ROL) by 75.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,179 shares of the business services provider’s stock after selling 9,653 shares during the quarter. USA Financial Formulas’ holdings in Rollins were worth $191,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Board of the Pension Protection Fund acquired a new stake in Rollins during the fourth quarter worth approximately $30,000. Root Financial Partners LLC acquired a new stake in Rollins during the 3rd quarter worth $31,000. CYBER HORNET ETFs LLC purchased a new stake in Rollins in the second quarter valued at $42,000. TruNorth Capital Management LLC acquired a new position in Rollins in the third quarter valued at $45,000. Finally, First Horizon Corp purchased a new position in shares of Rollins during the third quarter worth about $47,000. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Stock Performance

Shares of ROL opened at $52.47 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.60 and a debt-to-equity ratio of 0.35. Rollins, Inc. has a 52-week low of $49.73 and a 52-week high of $66.14. The company has a 50-day simple moving average of $59.54 and a 200-day simple moving average of $59.01. The company has a market capitalization of $25.29 billion, a PE ratio of 48.14, a P/E/G ratio of 3.24 and a beta of 0.80.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, February 11th. The business services provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). Rollins had a return on equity of 38.16% and a net margin of 14.00%.The company had revenue of $912.91 million for the quarter, compared to analyst estimates of $925.08 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. Equities research analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 25th were paid a dividend of $0.1825 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $0.73 annualized dividend and a dividend yield of 1.4%. Rollins’s payout ratio is 66.97%.

Wall Street Analyst Weigh In

ROL has been the subject of a number of research analyst reports. UBS Group set a $65.00 target price on Rollins in a research report on Wednesday, January 21st. Morgan Stanley set a $70.00 price objective on Rollins in a report on Friday, February 13th. Canaccord Genuity Group set a $52.00 target price on shares of Rollins and gave the stock a “hold” rating in a research report on Friday, February 13th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Rollins in a report on Tuesday, December 2nd. Finally, Barclays upgraded shares of Rollins from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $60.00 to $72.00 in a research report on Friday, December 5th. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.08.

Insiders Place Their Bets

In related news, Chairman Gary W. Rollins sold 10,355 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $62.83, for a total value of $650,604.65. Following the completion of the transaction, the chairman directly owned 5,312,114 shares of the company’s stock, valued at $333,760,122.62. This trade represents a 0.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman John F. Wilson sold 5,344 shares of the company’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $62.83, for a total transaction of $335,763.52. Following the completion of the sale, the chairman directly owned 594,705 shares in the company, valued at $37,365,315.15. This trade represents a 0.89% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 69,435 shares of company stock worth $4,321,384. 5.77% of the stock is owned by insiders.

About Rollins

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.